/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q74SE Purchasing decision. A building ... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

Purchasing decision. A building contractor has decided to purchase a load of the factory-reject aluminum siding as long as the average number of flaws per piece of siding in a sample of size 35 from the factory's reject pile is 2.1 or less. If it is known that the number of flaws per piece of siding in the factory's reject pile has a Poisson probability distribution with a mean of 2.5, find the approximate probability that the contractor will not purchase a load of siding

Short Answer

Expert verified

The probability that the contractor will not purchase a load of siding is 0.9332.

Step by step solution

01

Given information

The company's policy is to purchase a load when the factory rejects a pile is 2.1 or less.

The random variable x is defined as the number of flaws per piece.

Provided that random variable x has a Poisson distribution with a mean of 2.5.The probability that the contractor will not purchase a load of siding is calculated using the normal distribution.

02

Calculating the probability

The Poisson distribution has the same mean and variance.

Herex¯is the average number of flaws having meanlocalid="1659736038381" =2.5and variance,localid="1659736032501" =2.5

Hence,

localid="1659736046989" μx¯=2.5,

localid="1659736043170" σx¯=2.535=0.2678

The contractor will not purchase if the average number of flaws is 2.1 or more.The associated normal curve is drawn as follows:

Therefore, the required probability is,

Px¯⩾2.1=Px¯-μx¯σx→⩾2.1-2.50.2673=Pz⩾-1.4967=0.5+A

=0.5+0.4332=0.9332

Hence, the contractor's probability of not purchasing a load of siding is 0.9332.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91Ó°ÊÓ!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

:A random sample of n = 68 observations is selected from a population withμ=19.6and σ=3.2Approximate each of the following probabilities

a)pX¯⩽19.6

b)pX¯⩽19

c)pX¯⩾20.1

d)p19.2⩽X¯⩽20.6


Question:Quality control. Refer to Exercise 5.68. The mean diameter of the bearings produced by the machine is supposed to be .5 inch. The company decides to use the sample mean from Exercise 5.68 to decide whether the process is in control (i.e., whether it is producing bearings with a mean diameter of .5 inch). The machine will be considered out of control if the mean of the sample of n = 25 diameters is less than .4994 inch or larger than .5006 inch. If the true mean diameter of the bearings produced by the machine is .501 inch, what is the approximate probability that the test will imply that the process is out of control?

Question: Consider the following probability distribution:

a. Calculate μfor this distribution.

b. Find the sampling distribution of the sample meanxfor a random sample of n = 3 measurements from this distribution, and show thatxis an unbiased estimator of μ.

c. Find the sampling distribution of the sample median x for a random sample of n = 3 measurements from this distribution, and show that the median is a biased estimator of μ.

d. If you wanted to use a sample of three measurements from this population to estimate μ, which estimator would you use? Why?

Question: The standard deviation (or, as it is usually called, the standard error) of the sampling distribution for the sample mean, x¯ , is equal to the standard deviation of the population from which the sample was selected, divided by the square root of the sample size. That is

σX¯=σn

  1. As the sample size is increased, what happens to the standard error of? Why is this property considered important?
  2. Suppose a sample statistic has a standard error that is not a function of the sample size. In other words, the standard error remains constant as n changes. What would this imply about the statistic as an estimator of a population parameter?
  3. Suppose another unbiased estimator (call it A) of the population mean is a sample statistic with a standard error equal to

σA=σn3

Which of the sample statistics,x¯or A, is preferable as an estimator of the population mean? Why?

  1. Suppose that the population standard deviation σis equal to 10 and that the sample size is 64. Calculate the standard errors of x¯and A. Assuming that the sampling distribution of A is approximately normal, interpret the standard errors. Why is the assumption of (approximate) normality unnecessary for the sampling distribution ofx¯?

Dentists’ use of laughing gas. According to the American Dental Association, 60% of all dentists use nitrous oxide (laughing gas) in their practice. In a random sample of 75 dentists, let p^represent the proportion who use laughing gas in practice.

a. Find Ep^.

b. Find σp^.

c. Describe the shape of the sampling distribution of p^.

d. Find Pp^>0.70.

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.